Energy

Houthis Target Saudi Oil Tanker in Red Sea Missile and Drone Attack

Yemen's Houthis on Monday targeted the Saudi oil tanker Amzan in the Red Sea off Yanbu with a ballistic missile and drones, the Iran-aligned militant group announced. Soon after initial reports emerged, Saudi Arabia confirmed the attack, with Saudi shipping company Bahri stating that its Amzan vesse

Source: OilPrice.com

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DW NOTE

The Strait of Hormuz has been effectively shut for 132 days, cutting 4.3 million barrels per day from global supply — yet WTI trades at $85, down 25% from its one-year high. The Houthis can strike a tanker in the Red Sea and the market shrugs because the real chokepoint is already closed and prices have somehow fallen anyway.

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Houthis Target Saudi Oil Tanker in Red Sea Missile and Drone Attack

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